New Construction Flex
7301 Shelbyville Rd, Simpsonville, KY 40067
For Sale
$1,340,000
Partially finished commercial space offers customization for office, showroom, retail, auto, or storage operations.
Property Size6,616 SF
Price / SF$202.54
Days on Market97
Property Features for 7301 Shelbyville Rd
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Road Access
Utilities to Site
Warehouse & Industrial
Clear Height
Drive-In Doors
Amenities
professional landscaping
sidewalks
irrigation system
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Abandoned
Listed By:
Traci Hunter
(502) 647-3415
Source:
Cbcworldwide
Added: Aug 2
Changed: Oct 25
Last Checked: Nov 6 at 5:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Traci Hunter
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Investment Insights
Based on property information with market context.
This 6,616-square-foot flex property combines a completed exterior with an unfinished interior that can be configured for a range of commercial applications. The all-brick facade, parking lot, sidewalks, landscaping, and irrigation system are in place. Inside, the building includes three levels of office or storage area, framed rooms, rough electrical work, and plumbing positioned for four bathrooms—three on the first floor and one upstairs.
Four oversized glass garage doors expand the property's functional range. Three measure 16 feet in height, while the fourth is approximately 8 feet tall; the garage bays provide 20-foot ceilings. The property carries Commercial General zoning and fronts Shelbyville Rd in Simpsonville, Kentucky. Construction was completed in 2025, with the remaining interior work allowing a future owner to finish the building around specific operational requirements. Additional land is available.
Four oversized glass garage doors expand the property's functional range. Three measure 16 feet in height, while the fourth is approximately 8 feet tall; the garage bays provide 20-foot ceilings. The property carries Commercial General zoning and fronts Shelbyville Rd in Simpsonville, Kentucky. Construction was completed in 2025, with the remaining interior work allowing a future owner to finish the building around specific operational requirements. Additional land is available.
Key Highlights
- 6,616 sq ft under roof with a partially finished interior
- Commercial General zoning on Shelbyville Rd in Simpsonville
- Four oversized glass garage doors; three are 16 ft tall and one is approx. 8 ft tall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,540
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,800
$1.6M
Cap Rate 7%
$1,164,857
$1.2M
Cap Rate 9%
$906,000
$906.0K
Market Conditions
NOI Build-Up for 6,616 SF
Gross rent
$132.6K $20.04/SF
− Vacancy
−$23.9K −$3.61/SF
EGI
$108.7K $16.43/SF
− OpEx
−$27.2K −$4.11/SF
NOI
$81.5K $12.32/SF
Area
Shelby County, KY
Vacancy
18.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,630,800
Cap Rate 7%
$1,164,857
Cap Rate 9%
$906,000
Alternative Uses
Best Use
Office B
$1.16M
$1.02M – $1.36M
NOI $81,540 @ 7.0% cap · market cap 6.09%
Second Best
Warehouse
$811.2K
$709.8K – $946.5K
NOI $56,787 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,633 @ 7.0% cap · market cap 7.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
20 ft
Clear height
4
Drive-in doors
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 40067, KY
5,461
Population
2,500
Households
2.2
Avg Household Size
42
Median Age
38%
College-Educated
94%
High-School Grad
43.5 sq mi
ZIP Area
126
Density / Sq Mi
$93,899
Median Household Income
$51,016
Median Earnings
$813
Median Rent
$336,100
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Partially finished commercial space offers customization for office, showroom, retail, auto, or storage operations.
Where is this flex space located?
The property is located at 7301 Shelbyville Rd Simpsonville, KY.
What is the asking price?
The asking price for this property is $1,340,000.
What are key features of this property?
This property features: 6,616 sq ft under roof with a partially finished interior; Commercial General zoning on Shelbyville Rd in Simpsonville; Four oversized glass garage doors; three are 16 ft tall and one is approx. 8 ft tall
